Green River Star -

By David Martin

Oil fuels budget concerns


The price of oil has a number of officials looking into a future of uncertainty in the Cowboy State.

Oil, priced higher than $80 a barrel prior to November, has dropped steeply to price of $47.23 per barrel as of Wednesday morning. The significant drop in value has been reflected in lowered fuel prices and job cuts from many of the major oil and gas companies. Last week, Schlumberger announced it would be cutting 9,000 jobs worldwide, with Baker Hughes announcing 7,000 layoffs this week.

In Wyoming, much of the state’s budget is tied to the mineral extraction industry and oil values are c...

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